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0.3¢ ironbark zinc ltd

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Jduff

241 Posts.

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26/11/21

13:46

Post #: 57882539
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Originally posted by nro: ↑

I doubt weather a two week uptrend in zinc prices will guarantee financing. As the project would no doubt be viewed conservatively at its historical base pricing case and viability already calculated in preliminary workings performed well before now..

However the zinc price currently stands at a 5 year high with up trending break out. Suggesting potential for considerable rerating and with supply restrictions given three smelters of Nyrstar in Europe cutting 50% of zinc output amid rising power costs and Guangxi is still subject to power rationing and fall 8,400 mt MoM to 503,500 mt in October, down 11.55% yoy. Zinc will need to continue higher for producers to output or supply will continue to restrain causing much the same net effect on pricings.

With IBGs financing approval in the midst and considerable current MC discounting for this stage of development. This looks like the potential beginnings of a supply restriction pricing boom fundamental, and if so, offering the perfect storm for IBGs share price to head much higher toward its fair net value.

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IBG Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $5.500M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$4.363K	1.454M

Buyers (Bids)

No.	Vol.	Price($)
1	45792	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	30303675	14

View Market Depth

No.	Vol.	Price($)
1	45792	0.003
57	99221037	0.002
23	118450982	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	30303675	14
0.005	7450823	7
0.006	2966350	8
0.007	1940300	4
0.008	2606448	4

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